Last week, JPMorgan, the biggest bank in the US, looked at Ethereum. They think Ethereum could make Coinbase earn more money. They used to say Coinbase’s stock was just okay, but now they say it’s good, and they think it could go up to $150. They say this because the whole crypto market is doing well, and Ethereum is a big part.

____________________________________________________

• JPMorgan says Coinbase could make more money because of Ethereum.
• They now think Coinbase’s price could increase to $150 instead of $95.
• Experts say Ethereum’s recent improvements are good for the whole crypto market.

____________________________________________________

JPMorgan Raises Coinbase Price Target Because Ethereum Can Make More Money

When JPMorgan said this, Coinbase’s stock dropped by 4.1% before the market opened. After the market opened, it dropped to $223. JPMorgan also said Ethereum’s growth could help Coinbase even more, especially when people invest in bitcoin-ETFs. They gave examples of how, when Ethereum’s value goes up, Coinbase makes more money.

The experts, led by Kenneth Worthington, say Ethereum is good for the crypto market and will soon be good for Coinbase’s earnings. The crypto market is doing well because of a recent upgrade called Dencun on March 13. This upgrade is expected to make the crypto market even better.

JPMorgan also said that Coinbase is doing well and will keep doing well. This is why people keep investing in it. They think it’s important because it’s linked to tokenization and payments.

You’ll get weekly updates about cryptocurrency if you subscribe to our newsletter. This market is changing a lot, so knowing about it and preparing for what’s coming next is good.